What does 'exploratory committee' mean?
Gov. Tim Pawlenty has taken the first step on the road to running for president.
March 22, 2011 at 1:12AM
Former Gov. Tim Pawlenty's creation of an exploratory committee Monday does not mean he is a presidential candidate, but he does have to start playing by most rules governing them. In this phase, Pawlenty:
• Can start raising money for a presidential bid, subject to federal contribution limits.
• Will have to reveal his fundraising numbers if he declares his candidacy.
• Cannot call himself a candidate or advertise his intention to campaign.
JEREMY HERB
